Naugatuck Valley Planning Region, Connecticut Housing Market Prices
Naugatuck Valley Planning Region Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 13% below the Connecticut median$244,999
-
Median rent 10% below the Connecticut median$1,327
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,999 | $281,244 | $248,835 |
| Price Trend (Annual %) | 7.2% | 3.6% | 7.5% |
| Median Gross Rent | $1,327 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Naugatuck Valley Planning Region is about 13% lower than in Connecticut. Rent is about 10% lower than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Naugatuck Valley Planning Region, up about 7.2% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Naugatuck Valley Planning Region rose about 39.7% between 2015 and 2024, from $950 to $1,327. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Naugatuck Valley Planning Region.
Buying the median-priced home in Naugatuck Valley Planning Region costs roughly 15.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Naugatuck Valley Planning Region. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,999 | $281,244 | $248,835 |
| Median Household Income | $87,330 | $97,098 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Naugatuck Valley Planning Region rose about 64.5%, while median household income rose about 34.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 62.8% | 58.5% |
| Rental Rate | 29.8% | 30.3% | 31.2% |
| Vacancy Rate | 6.2% | 6.9% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Naugatuck Valley Planning Region has a homeownership rate of 64.0%, higher than the Connecticut average of 62.8%. Its housing vacancy rate is 6.2%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1966 | 1966 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Naugatuck Valley Planning Region was built around 1966. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Naugatuck Valley Planning Region, CT Housing Compared With Nearby Counties
Naugatuck Valley Planning Region, CT is typical in size for this group, 439,566 residents against a local median of 516,000, so the measures below are close to a like for like comparison. Nothing separates Naugatuck Valley Planning Region, CT sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median home price, 14% below the local median at $244,999 against $283,536. Naugatuck Valley Planning Region, CT has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Naugatuck Valley Planning Region, CT | 439,566 | $244,999 #4/6 | $1,327 #5/6 | 68.3% #3/6 |
| South Central Connecticut Planning Region, CT | 516,000 | $233,101 | $1,536 | 62.6% |
| Northwest Hills Planning Region, CT | 104,183 | $304,911 | $1,196 | 76.5% |
| Greater Bridgeport Planning Region, CT | 308,890 | $283,536 | $1,535 | 65.7% |
| Western Connecticut Planning Region, CT | 563,812 | $678,908 | $2,108 | 69.4% |
| Capitol Planning Region, CT | 920,648 | $232,901 | $1,423 | 65.8% |
Frequently Asked Questions
Common questions about the housing market in Naugatuck Valley Planning Region, Connecticut.
What is the median home price in Naugatuck Valley Planning Region, Connecticut?
The median home price in Naugatuck Valley Planning Region, Connecticut is $244,999, lower than the Connecticut average of $281,244.
What is the average home price in Naugatuck Valley Planning Region, Connecticut?
The typical home price in Naugatuck Valley Planning Region, Connecticut, reported as the median sale price, is $244,999. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Naugatuck Valley Planning Region, Connecticut?
The median gross rent in Naugatuck Valley Planning Region, Connecticut is $1,327 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Naugatuck Valley Planning Region in 2020?
In 2020, the median gross rent in Naugatuck Valley Planning Region, Connecticut was $1,093 per month.
What is the price-to-rent ratio in Naugatuck Valley Planning Region, Connecticut?
The price-to-rent ratio in Naugatuck Valley Planning Region, Connecticut is about 15.4, meaning it would take roughly 15.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Naugatuck Valley Planning Region.
Are home prices or rent rising faster in Naugatuck Valley Planning Region, Connecticut?
Both home prices and rent are rising in Naugatuck Valley Planning Region, up about 7.2% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Naugatuck Valley Planning Region, Connecticut?
64.0% of households in Naugatuck Valley Planning Region, Connecticut own their home, higher than the Connecticut average of 62.8%.
What is the vacancy rate in Naugatuck Valley Planning Region, Connecticut?
The housing vacancy rate in Naugatuck Valley Planning Region, Connecticut is 6.2%, lower than the Connecticut average of 6.9%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →